retail-trade
BusinessLvmh Unit to Close Historic Venice Department Store
BusinessPolish Fashion Retailer Lpp Appoints Marcin Bojko as Deputy CEO
FinanceMorning Bid: Chinese Consumers Spend More, Just Not on Property
BusinessPoland’s Allegro Sees Earnings Growing 4-7% at Home in Q4
Retail Boss Calls for UK Tax Rises to Be Staggered to Avoid Stoking Inflation
Date: November 13, 2024
LONDON (Reuters) -The new Labour government must re-think the timing of tax rises imposed in last month’s budget and instead phase them in if it wants to avoid fuelling inflation, the chairman of the British Retail Consortium said on Tuesday. The budget raised employers’ National Insurance, or social security, contributions by 1.2 percentage points to...
Global Luxury Sales to Fall 2% in 2024, Among Weakest Years on Record, Bain Says
Date: November 13, 2024
By Elisa Anzolin MILAN (Reuters) – Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched report on the 363-billion-euro ($386 billion) market, Bain estimated...
UK Grocery Inflation Higher Again as Countdown to Christmas Begins
Date: November 12, 2024
By James Davey LONDON (Reuters) – British shoppers faced renewed pressure on their budgets in October after grocery price inflation edged higher for the second month in a row, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 2.3% in the four weeks to Nov. 3, having been 2.0% in...
UK Grocery Inflation Edges Higher Again, Says Kantar
Date: November 12, 2024
LONDON (Reuters) -British shoppers faced increased pressure on their budgets last month after grocery price inflation edged higher again, industry data showed on Tuesday. Market researcher Kantar said annual grocery price inflation was 2.3% in the four weeks to Nov. 3, having been 2.0% in the previous four-week period. The data showed prices are rising...
Walmart, Other US Retailers Import Fewer Christmas Goods Ahead of Tepid Holiday Season
Date: November 11, 2024
By Richa Naidu, Aishwarya Venugopal, Siddharth Cavale (Reuters) -Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import data shows, with retailers including Walmart bringing in less holiday product ahead of what is expected to be a so-so holiday season. Walmart, the...
Moncler Repeats It Won’t Comment on ‘unsubstantiated Rumors’ About Burberry
Date: November 11, 2024
MILAN (Reuters) – Italy’s Moncler on Monday reiterated it would not comment “on unsubstantiated rumors”, when asked about a Daily Mail report about a possible takeover by the luxury outerwear maker for British luxury brand Burberry. Shares in Burberry rose 3% in early trade after the Daily Mail reported that the British label was close...